All About Estates

Month: July 2019

Total 22 Posts

Celebrity Estate Battles

By Anna Alizadeh • July 17, 2019 • 0 Comments

Families fight.  Celebrities are no different.  If anything, it is always interesting to read how the ultra-wealthy handle their estate planning and what issues arise on their deaths (particularly as there is usually a string of ex-spouses and multiple children involved).  In today’s blog, I discuss some of the legal…

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SHAREHOLDERS AGREEMENTS, EXIT PROVISIONS AND THE IMPACT OF CONTROL

By Steven Frye • July 16, 2019 • 0 Comments

Control is an important concept for applying certain income tax rules and valuation issues (amongst others) when dealing with corporations, with serious implications to current and future (and estate) planning scenarios. De jure control refers to legal control of a corporation, which requires a look at shareholdings. Control in fact,…

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Summer Time and the Living is Easy

By Audrey Miller • July 15, 2019 • 0 Comments

Are you planning any summer holidays?  Are you travelling alone or with your family?  Should you decide to vacation with your older parent, there are some pre planning tips that can make this journey more enjoyable for both of you. Firstly, know what type of holiday would be best for…

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Estate Planning, Trusts, and Family Law

By Darren Lund • July 12, 2019 • 2 Comments

Inter vivos trusts are often used in the estate planning process to manage and preserve family wealth across generations. Within that broad framework, such trusts are used for a variety of reasons. Parents or grandparents may want to establish a vehicle for funding the education costs of future generations. A…

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Too much “Legalese” – Better Pay Attention!

By Scotiatrust • July 11, 2019 • 0 Comments

  This Blog was written by: Emily Racine   While reviewing wills with clients, the focus is often on the dispositive provisions of the will; in other words, clients tend to focus on the first five pages of the will and leave the rest to the lawyers. For the most…

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Probate and the Humans Rights Tribunal of Ontario

By Joanna Lindenberg • July 10, 2019 • 0 Comments

On June 29, 2019, the Human Rights Tribunal of Ontario (the “HRTO”) released an interim decision which impacts upon estate trustees and which calls for some friendly scrutiny from estate solicitors and litigators. My colleague, Jacob Kaufman, blogged about a previous and related HRTO 2017 case which required that a certificate of…

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Standing Together

By Audrey Miller • July 8, 2019 • 1 Comment

Last week I attended the funeral of my mother’s dear friend and spent a few days reminiscing with long time family friends.  No one wants to be the last woman standing as saying goodbye appears to get harder and harder; especially as there are fewer and fewer around to provide…

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“Just in case anything happens while I’m away…”

By Emily Hubling • July 5, 2019 • 1 Comment

It’s that time of year again for estate planners: the season of calls from clients about to leave for vacation, who realize that they haven’t updated their Will in years. These clients typically want to make sure they update their documents before departure, “just in case anything happens while I’m…

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Blind Trusts and Fireworks

By Peter Meitanis • July 4, 2019 • 3 Comments

  “My assets are huge, just huge. If I had to put them into a blind trust, it would be the blindest trust of all time. You would have to stare directly into a solar eclipse to achieve the blindness of my trust.” – President Donald Trump (but not really)…

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In Whose Best Interests? Estate Planning for Artists

By Diane Vieira • July 3, 2019 • 0 Comments

A recent case involving the estate of Canadian artist and figure skating legend, Toller Cranston (“Toller”), highlights the importance of estate planning for artists.  Administering posthumous intellectual property can be complex and without guidance from the testator, disputes will often arise between trustees and the estate’s beneficiaries due to competing…

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